Teza Capital Management LLC Sells 4,075 Shares of Skyworks Solutions, Inc. (NASDAQ:SWKS)

Teza Capital Management LLC decreased its holdings in shares of Skyworks Solutions, Inc. (NASDAQ:SWKS) by 57.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,966 shares of the semiconductor manufacturer’s stock after selling 4,075 shares during the quarter. Teza Capital Management LLC’s holdings in Skyworks Solutions were worth $263,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Golden State Wealth Management LLC acquired a new stake in Skyworks Solutions during the 4th quarter worth $28,000. SBI Securities Co. Ltd. bought a new position in shares of Skyworks Solutions in the 4th quarter worth $29,000. Picton Mahoney Asset Management acquired a new stake in shares of Skyworks Solutions during the fourth quarter worth $33,000. Manchester Capital Management LLC grew its stake in shares of Skyworks Solutions by 325.2% during the fourth quarter. Manchester Capital Management LLC now owns 557 shares of the semiconductor manufacturer’s stock worth $49,000 after purchasing an additional 426 shares during the period. Finally, Quadrant Capital Group LLC increased its holdings in Skyworks Solutions by 53.2% in the fourth quarter. Quadrant Capital Group LLC now owns 628 shares of the semiconductor manufacturer’s stock valued at $56,000 after purchasing an additional 218 shares during the last quarter. 85.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. reduced their target price on Skyworks Solutions from $70.00 to $66.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. UBS Group cut their price target on shares of Skyworks Solutions from $70.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 29th. Rosenblatt Securities restated a “neutral” rating and set a $80.00 price objective (down previously from $120.00) on shares of Skyworks Solutions in a report on Thursday, February 6th. Benchmark reaffirmed a “hold” rating on shares of Skyworks Solutions in a research note on Thursday, February 6th. Finally, Mizuho cut shares of Skyworks Solutions from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $105.00 to $62.00 in a research report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, Skyworks Solutions currently has an average rating of “Hold” and an average target price of $78.29.

Insider Transactions at Skyworks Solutions

In other Skyworks Solutions news, CEO Philip G. Brace acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were acquired at an average price of $66.13 per share, with a total value of $661,300.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $661,300. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.28% of the company’s stock.

Skyworks Solutions Trading Up 0.5%

SWKS opened at $73.28 on Wednesday. The stock has a market capitalization of $11.00 billion, a P/E ratio of 22.48, a P/E/G ratio of 1.79 and a beta of 1.18. The company has a current ratio of 5.94, a quick ratio of 4.73 and a debt-to-equity ratio of 0.16. Skyworks Solutions, Inc. has a 12 month low of $47.93 and a 12 month high of $120.86. The firm’s fifty day simple moving average is $63.62 and its 200 day simple moving average is $76.14.

Skyworks Solutions (NASDAQ:SWKS) last issued its quarterly earnings results on Wednesday, May 7th. The semiconductor manufacturer reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. The company had revenue of $953.20 million for the quarter, compared to analyst estimates of $951.50 million. Skyworks Solutions had a return on equity of 12.60% and a net margin of 13.02%. The company’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.55 earnings per share. As a group, research analysts anticipate that Skyworks Solutions, Inc. will post 3.7 EPS for the current fiscal year.

Skyworks Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Tuesday, May 27th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend is Tuesday, May 27th. Skyworks Solutions’s dividend payout ratio (DPR) is currently 109.80%.

Skyworks Solutions Company Profile

Skyworks Solutions, Inc, together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, power over ethernet, power isolators, receivers, switches, synthesizers, timing devices, voltage controlled oscillators/synthesizers, and voltage regulators.